Apple, Others Team Up for $2B Hospital

Apple, along with Intel, HP, Oracle, eBay and Intuit have teamed up to help fund a new hospital worth about US$2 billion at the Stanford Medical Center in California. The corporate partners are expected to donate some $150 million towards the project and will participate in guiding the technology used in the facility.

Architectural rendering of Stanford’s new hospital

The group expects to help raise another $400 million in private donations to help with construction, too.

“All of us are very fortunate to have Stanford’s world-class medical center right here in Silicon Valley,” said Apple CEO Steve Jobs. “We are very excited about the development of their new hospital and really want to support their plans.”

The facility is being designed by Rafael Viñoly Architects and will incorporate what Stanford is calling “the latest in sustainable technology.”

Once completed, the new hospital facility will increase Stanford’s bed capacity to 600, will include new and expanded emergency and intensive care facilities, conference and educational facilities, and more.

The construction project is expected to take six years, and necessary utilities upgrades needed ahead of building could begin some time this year.